Alliance Bank & Trust Company Mortgage Lending & HMDA Data, 2010
In 2010, Alliance Bank & Trust Company of Gastonia, NC reported 24 mortgage applications totaling $3.6 million, up 41% from 2009. The average application was for $150,541, and applicants reported an average income of $53,916. 88% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Charlotte-Gastonia-Rock Hill, NC-SC (10), Charleston-North Charleston-Summerville, SC (1) and Hickory-Lenoir-Morganton, NC (1) (applications in parentheses).
| Mortgage Company & Address | Alliance Bank & Trust Company 292 W Main Ave Gastonia, NC 28052 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 |
| Total Number of Mortgage Applications | 24 |
| Total Mortgage Loan Application Amount | $3,613,000 |
| Average Mortgage Loan Application Amount | $150,541 |
| Highest Mortgage Loan Application Amount | $1,190,000 |
| Average Applicant Income | $53,916 |
| Highest Applicant Income | $348,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Alliance Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Cleveland, North Carolina | 12 | $ 1,163,000 | $ 96,916 | $ 11,000 |
| Gaston, North Carolina | 6 | $ 554,000 | $ 92,333 | $ 16,000 |
| Mecklenburg, North Carolina | 4 | $ 1,568,000 | $ 392,000 | $ 267,000 |
| Caldwell, North Carolina | 1 | $ 35,000 | $ 35,000 | $ 0 |
| Charleston, South Carolina | 1 | $ 293,000 | $ 293,000 | $ 0 |
Mortgage Loan Application Detail Totals for Alliance Bank & Trust Company in 2010
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Refinancing | 14 | $2,613,000 | $186,000 | $1,190,000 | $21,000 | $158,000 |
| Home Purchase | 10 | $1,000,000 | $100,000 | $175,000 | $100,000 | $348,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 16 | $2,796,000 | $174,000 | $1,190,000 | $67,000 | $348,000 |
| Not applicable | 7 | $765,000 | $109,000 | $293,000 | $0 | $0 |
| Asian | 1 | $52,000 | $52,000 | $52,000 | $227,000 | $227,000 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 24 | $3,613,000 | $150,000 | $1,190,000 | $54,000 | $348,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 21 | $3,401,000 | $161,000 | $1,190,000 | $60,000 | $348,000 |
| Application Denied By Financial Institution | 2 | $177,000 | $88,000 | $137,000 | $12,000 | $25,000 |
| Application Approved But Not Accepted | 1 | $35,000 | $35,000 | $35,000 | $0 | $0 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Credit History | 1 | $40,000 | $40,000 | $40,000 | $25,000 | $25,000 |
| Debt-To-Income Ratio | 1 | $137,000 | $137,000 | $137,000 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Alliance Bank & Trust Company's 2010 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess Alliance Bank & Trust Company's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
For a list of all lenders in North Carolina, download the full spreadsheet
with aggregated HMDA statistics today.
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